Guardian, Observer and theguardian.com publisher to invest sale proceeds, thought to be £600m to £700m, in core businessGuardian Media Group is selling its 50.1% stake in Auto Trader owner Trader Media Group to private equity firm Apax Partners in a deal thought to be worth £600m to £700m to the Guardian publisher.The sale to Apax, which bought 49.9% of Trader Media Group in 2007 and has been GMG's joint venture partner in the business since then, is thought to give TMG an enterprise value of about £1.8bn. The exact financial details of the deal were not revealed.GMG's sale of the TMG stake is subject to reguatory approval and final completion.Andrew Miller, the chief executive of GMG, said: "This proposed transaction makes strategic sense as we focus GMG's activities on award-winning digital and print journalism. On completion, the sale proceeds will strengthen our balance sheet and position us for further investment and growth in our core business."Neil Berkett, the chair of the GMG board, said: "Once completed, this deal will make GMG a very well-capitalised media organisation with the financial flexibility to navigate the rapidly-changing media environment, where our flagship titles are proven pioneers of digital and print innovation."The Scott Trust, sole shareholder in GMG, has given its approval for the proposed sale and authorised the company board to reinvest the proceeds to enable it to continue to safeguard the Guardian's editorial and financial... Continue reading at 'The Guardian'
[ The Guardian | 2014-01-21 00:00:00 UTC ]
'Here's to local governments waking up to the fact that bookstores and libraries are essential to our way of life,' Patterson said in a statement. 'Here's to media coverage of books, booksellers, and publishers, and to a wiser, more literate America.' Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2014-12-18 00:00:00 UTC ]
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‘Everyone is doing exactly what these criminals want,’ says Rogen, after newspapers publish emails hacked from Sony executivesAaron Sorkin: news outlets more ‘morally treasonous’ than Sony hackersVarious Hollywood figures, including Brad Pitt, Aaron Sorkin and Seth Rogen, have publicly... Continue reading at The Guardian
[ The Guardian | 2014-12-16 00:00:00 UTC ]
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Digital comics often come in the form of comic book archives, typically JPGs stored in a single archive file (cbz = zip, cbr = rar, and so on). You might think these simple compressed formats would already produce the smallest possible files, but no -- the free CbxConverter can resample images... Continue reading at Betanews
[ Betanews | 2014-12-16 00:00:00 UTC ]
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Hachette is selling three of its titles, including Amanda Palmer's new book 'The Art of Asking,' using buy buttons on Twitter. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2014-12-10 00:00:00 UTC ]
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Hachette has partnered with Gumroad, a company that enables direct sales through Twitter, to see if the social media platform can sell books. The post Hachette Tests if Gumroad Can Sell Books on Twitter appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2014-12-10 00:00:00 UTC ]
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Hachette Book Group in the US has partnered with Gumroad to sell books directly through Twitter. From later this week (11th December), tweets from certain authors will contain buy buttons allowing customers to buy the books without leaving Twitter. The first book to be offered this way will be... Continue reading at The Bookseller
[ The Bookseller | 2014-12-09 00:00:00 UTC ]
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The sky-high valuations of digital publishers such as BuzzFeed and Vox are fuelled by the idea that the media company of the future also has to be a tech company. Almost every new digital media business from Mashable to Pierre Omidyar's First Loo ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2014-12-09 00:00:00 UTC ]
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The Hachette Book Group is partnering with native commerce platform Gumroad in a special promotion to sell print books by Amanda Palmer, Chris Hadfield and The Onion via Twitter beginning December 11. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-12-08 00:00:00 UTC ]
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This essay is adapted from Hacker, Hoaxer, Whistleblower, Spy: The Many Faces of Anonymous, by Gabriella Coleman, published by Verso. On the evening of Thursday, Dec. 11, Coleman will be discussing her book with the ACLU’s Christopher Soghoian at a free Future Tense happy hour event in... Continue reading at Slate
[ Slate | 2014-12-08 00:00:00 UTC ]
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Midwest Tape has appointed Tammy Faxel publisher of its audiobook and video division, Dreamscape Media. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-12-08 00:00:00 UTC ]
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Digital publishing needs a lifeline. But as The New Republic debacle has showed, mixing tech and media cultures is a tricky combination. The post Why Silicon Valley and media don’t mix easily appeared first on Digiday. Continue reading at Digiday
[ Digiday | 2014-12-07 00:00:00 UTC ]
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Sugg's debut book, 'Girl Online,' now holds the record for the highest sales in its first week for a new writer in the UK. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2014-12-06 00:00:00 UTC ]
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Robb Report, a magazine and lifestyle brand dedicated to the ultra wealthy, has been sold to Rockbridge Growth Equity, a Detroit-based private equity firm. Terms weren't disclosed. Continue reading at Folio Magazine
[ Folio Magazine | 2014-12-04 00:00:00 UTC ]
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Evan Schnittman, e.v.p, chief marketing and sales officer at Hachette Book Group (HBG) in the US, is to leave the company. Scnittman joined HBG in 2012, from Bloomsbury UK, where he was m.d., group sales and marketing, print and digital. Continue reading at The Bookseller
[ The Bookseller | 2014-12-04 00:00:00 UTC ]
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YouTube star Zoella’s first book sells 78,000 copies in its first week, the highest first week’s sales of a new author ever! Girl Online, the first novel by Zoe Sugg AKA “Zoella” has pushed Jeff Kinney’s newest Diary of a Wimpy Kid: The Long Haul off the top of the chart as the fastest selling... Continue reading at The Guardian
[ The Guardian | 2014-12-03 00:00:00 UTC ]
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Independent booksellers and WH Smith feature on an “alternative” shopping guide for Christmas created by campaign group Amazon Anonymous. The group has teamed up with Ethical Consumer to create an alternative shopping guide for those who have signed up to its “Amazon Free Challenge” – in which... Continue reading at The Bookseller
[ The Bookseller | 2014-12-02 00:00:00 UTC ]
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John Schlimm, author of 'The Ultimate Beer Lover's Happy Hour' (Sourcebooks, 9781402296321), will appear on 'Watch What Happens: Live' on Monday, December 1. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-12-01 00:00:00 UTC ]
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Thanks to digital, news publishers thought they could build a direct relationship with their customers. Recent deals signal the opposite. Two recent deals between media and technology companies struck me as a new trend in the distributio ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2014-12-01 00:00:00 UTC ]
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HC to provide books for JetBlue’s Content Hub and more in this week's publishing news briefs. Continue reading at Publishers Weekly
[ Publishers Weekly | 2014-11-28 00:00:00 UTC ]
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Colin Barrett has won the £10,000 Guardian First Book Award for his short story collection Young Skins (Jonathan Cape). It is the third prize to go to the book, which also took the 2014 Frank O'Connor International Short Story Award and the 2014 Rooney Prize for Irish Literature. Continue reading at The Bookseller
[ The Bookseller | 2014-11-27 00:00:00 UTC ]
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